Streetbeat News

COIN

Coinbase Global, Inc.

https://www.coinbase.com

Industry

Software - Application

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

Open

282.51

Mkt cap

77B

Volume

18M

High

306.45

P/E Ratio

52.02

52-wk high

334.86

Low

276.02

Div yield

N/A

52-wk low

94.90

Goldman Sachs analyst Will Nance upgraded Coinbase Global (NASDAQ:COIN) from Sell to Neutral and set a price target of $282.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 9:14 pm

Cathie Wood's Ark Invest sold $48.8 million worth of Coinbase (COIN) shares and bought over $11 million in Tesla (TSLA) shares, alongside significant purchases in SOFI Technologies (SOFI), Sea Ltd (SE), and ROKU Inc (ROKU). This move reflects Ark's strategy to capitalize on disruptive technologies and companies with significant growth potential, despite the recent surge in Bitcoin and the cryptocurrency market.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 3:20 am

Coinbase shares are trading higher amid a rebound in Bitcoin, reflecting the close correlation between the company's stock performance and cryptocurrency market movements.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:10 pm

Cathie Wood's Ark Invest sold over $24M in Coinbase shares as Bitcoin hit new highs, continued selling NVIDIA shares, while acquiring Tesla and Palantir stock. The firm's trading activities reflect strategic adjustments in response to the evolving financial landscape, with sales hinting at a cautious stance towards tech and crypto assets, and purchases indicating a bullish outlook on companies like Tesla and Palantir.

Portfolio Pulse from Benzinga Neuro

March 06, 2024 | 4:59 am

Cathie Wood of ARK Invest sold $31 million in Coinbase (COIN) stock as the site experienced technical issues amid a Bitcoin rally. Warren Buffet warned of 'casino-like' behavior in markets. Despite the sale, COIN remains ARKK's largest holding. ARKK, which also holds Tesla (TSLA) and Roku (ROKU), is down 4% for the year, underperforming the S&P 500. For those bearish on ARKK, the AXS Short Innovation Daily ETF (SARK) offers a way to bet against it, while the bullish can opt for the AXS 2X Innovation ETF (TARK).

Portfolio Pulse from Johnny Rice

March 05, 2024 | 8:49 pm

Coinbase has acknowledged that some users are encountering errors during transactions and has stated that its team is investigating the issue, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:47 pm

Bitcoin (BTC) has reached a new all-time high, sparking interest among potential investors. This guide provides steps for purchasing Bitcoin safely, emphasizing the importance of choosing a reputable and regulated cryptocurrency exchange. Key considerations include the exchange's reputation, supported payment methods, fees, and ease of use. Coinbase (NASDAQ:COIN), Gemini, Kraken, and Binance (CRYPTO: BNB) are highlighted as popular options. The guide also covers the buying process, secure storage of Bitcoin, and the importance of managing investments cautiously due to the market's volatility.

Portfolio Pulse from Murtuza Merchant

March 05, 2024 | 8:01 pm

Today's whale activity in the Financials sector highlighted significant options trading across various stocks, indicating potential trading opportunities. Notable bearish sentiment was observed in AXP, SOFI, SQ, and PYPL call options, while WFC, STNE, COIN, and HOOD call options showed bullish sentiment. TOST call options were bearish, and AX put options were bullish. These activities suggest investors' expectations on the future price movements of these stocks.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:35 pm

Crypto stocks including CLSK, COIN, HUT, MARA, RIOT, and WULF are trading lower due to volatility in Bitcoin's price, which dropped after reaching a new all-time high.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:12 pm

Coinbase shares are trading higher as Bitcoin approaches new highs, indicating a positive correlation between the performance of Coinbase and the cryptocurrency market.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:08 pm

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